Your fimm is planning to invest in an automated packaging plant. Harburtin Industries is an all-equity from that specializes in this business Suppose Harburtin's equity beta is 083 the risk tree rate is 3% and the market risk premium is 4% 2. If your firm's project is all-equity financed, estimate its cost of capital After computing the project's cost of capital you decided to look for other comparables to reduce estimation error in your cost of capital estimate You find a second firm Thurbinar Design, which is also engaged in a similar Ine of business Thurbinar has a stock price of $22 per share with 15 million shares outstanding. It also has 5120 million in outstanding debt with a yield on the debt of 46%. Thurbinar's equity beta is 100 S. Assume Thurbinar's debt has a beta of zero Estimate Thurbinar's unlevered beta. Use the unlovered beta and the CAPM to estimate Thurbinar's unlevered cost of capital c. Estimate Thurbinar's equity cost of capital using the CAPM. Then assume is debt cost of capital equals its yield and using these results, estimate Thurbina's unlevered cost of capital d. Explain the difference between your estimate in part (b) and part) .. You decide to average your results in part(b) and pant (c) and the average this result with your estimate from part (a) What is your estimate for the cost of capital of your firm's project? at your fem's project is al equity financed estimate its cost of capital The projects cost of capital Round to two decimal places